What is the procedure for selling dematerialised securities?
The procedure for selling dematerialised securities is very simple. After you have sold the securities, you would instruct your DP to debit your account with the number of securities sold by you and credit your broker’s clearing account. This delivery instruction has to be given to your DP using the delivery instruction slips given to you by your DP at the time of opening the account. Procedure for selling securities is given here below: You sell securities in any of the stock exchanges linked to NSDL through a broker; You give instruction to your DP to debit your account and credit the broker’s [clearing member pool] account; Before the pay-in day, your broker gives instruction to its DP for delivery to clearing corporation; Your broker receives payment from the stock exchange [clearing corporation] ; You receive payment from the broker for the sale of securities.
Ans. The procedure for selling dematerialised securities is very simple. After you have sold the securities, you would instruct your DP to debit your account with the number of securities sold by you and credit your broker’s clearing account. This delivery instruction has to be given to your DP using the delivery instruction slips given to you by your DP at the time of opening the account.
The procedure for selling dematerialised securities in stock exchanges is similar to the procedure for selling physical securities. Instead of delivering physical securities to the broker, you instruct us to debit your account with the number of securities sold by you and credit your broker’s clearing account.
The procedure for selling dematerialised securities is very simple. After you have sold the securities, you would instruct your DP to debit your account with the number of securities sold by you and credit your broker’s clearing account. This delivery instruction has to be given to your DP using the delivery instruction slips given to you by your DP at the time of opening the account. Procedure for selling securities is given here below: • You sell securities in any of the stock exchanges linked to NSDL through a broker; • You give instruction to your DP to debit your account and credit the broker’s [clearing member pool] account; • Before the pay-in day, your broker gives instruction to its DP for delivery to clearing corporation; • Your broker receives payment from the stock exchange [clearing corporation] ; • You receive payment from the broker for the sale of securities.
